Citi is bleeding money, lets see if they lay off more people to continue this stock push. Citi is no where near as smart as the other banks. But, where Citi lacks in strategy it makes up for in ruthlessness, they do not give a damn about anyone including themselves. Citi does not care about next week or later today they are only concerned about the next 60 seconds. The failed before and we bailed them out. When they fail this time stay the hell away from them.
It has a long way to go... it moves down fast but up is very slow ... maybe this time next year it will be at 4.
This stock may go up 10 cents today 5 cents tommorrow and then give twice that back on a single day. If this stock was weighted as they claim it is it should be past $4 today with the sink in the market. Yet, what do investors get? Only a few pennies thrown their way that will be taken back before the week ends. This stock is great a falling but sucks at getting back up.
I know most people on here are smart and know about the market. We all can accept loss and we are looking for good investments, so we have no problem waiting for a turnaround. We also know this Market can not be propped up for ever. .. My problem and maybe this is your problem too is the Reverse Split ... all it does is diminish shares. Now if you let me buy this stock at $1, I will buy some and wait for a rebound. But, I refuse to be a part of a reverse split that is just food for the Shorters.
I lost money with a stock like this a 1 for 10 reverse split took the stock up to $50 and then it fell back down again over a year and no gain. When a stock falls like this 7% there is more going on than just the market. What until they make the reverse split announcement and then get out fast.
The problem is more than just the drop it is the reverse split that destroys investors money. A 10 for 1 split and within 6 months that stock is less than your shares now. So, 9 of your shares have been destroyed for 0 worth. If they would just let the stock sink it would be fine. Also on a reverse split the split should not be recorded as a high for the stock it is misleading. If anyone hears of a split please post it and get the Hell out fast.
All these stocks do is fall and then reverse split and then fall again and then reverse split until your 100 shares are down to 10 and it 's value has sunk to almost nothing. There is plenty of Volatility in the VI X and if you compare it to positions months ago you will see the movements have been more dynamic on the underling instrument now than back then. I know some people want to make out like this is sooo complicated that no one can understand and there is some big picture we are missing. But, we are not missing anything. The the SQQQ, QID and the list goes on and on... these inverse stocks, funds, whatever all they do is lose money no matter how much the market moves... in fact many have not made money in years. But if you compare the movements of this stock in the past you will see as the market goes up it falls and normally as the market falls it moves up. The futures price change along with daily activities and should follow the patterns... where you lose money in a stock like this is in a stagnant market. But, the market has been anything but stagnant it has been very volatility and so has the VIX. It makes no sense for this stock to be in Freefall, but like I said I have yet to make a dime on any of these inverse stocks.
Bag holders like me, we need help. Can some one please start posting BS to settle this stock? I know CNBC and Cramer will pump it... but no one listens to them anymore. I am just a helpless bag holder please help me out...I no know I know nothing... at all... not even a little bit... thank you.
Just sit on it and let it split , right after the split prices will shoot up as buyers enter ... sell then... then wait on the stock to drop to prices below what you sold for after the split. Apple missed on Revenue it will have to pay the Piper sooner or later... after the split level heads will pluck it down. Now, on reverse splits my advise is to never hold into a reverse split.
Q3 Revenue: $36 billion to $38 billion versus $38.1 billion expected by analysts.
A clear miss on revenue which is an important number. People get too caught up in splits and the like... I like the split but Apple is no Wal-Mart. I believe a 10 for 1 split would have put the stock in better range for the investor. But, in the end Apple missed on Revenue and that is a real problem... remember these estimates have already been adjusted down to the point it should have been very hard to miss... yet Apple missed. Investors should look past the window dressing and be very concerned.
NO way No how... no... in fact I voted no to almost everything. Get the value of this stock above 6 before you ask me for a Dam thing.
Fantastic johnsonjoel1 ... that is the truth... Everyone is looking for either entry or exit points. I was brave like imseeingthelight. I bot in at 7 and averaged down to around 6 and then saw the stock price drop to 4 and now its at 4.16. I sold most of my shares and bot the preferred A at around 22 and now it is at 25.46 and paying me a dividend of .17 per month. All while they continue to cut the dividend on the common shares and they even sent me a proxy in the mail to issue more shares and I checked the box "NO" this company needs money and No way will I let them dilute share value further.
I have made over 3 dollars a share in the Preferred since its issue and you say no one cares? On top of that I get .17 cents per month per share and no one cares? You would prefer to talk about a stock that has crawled from $4 to $4.18 that dividend has been cut recently and is secondary in income payment to the Preferred and no one cares?
Hi everyone, For the first time in a long time I have a good problem with ARR-PA... the Preferred. I got in around 22 and now it is at 25.40 that is almost 2 months of Dividends. I would like to sell and move money
into the ARR-PB which is still below 25... for now. But, if I get out of ARR-PA and it is not in a retirement account I am looking at short term gains. Who would have thought the Preferred would jump like this while the stock is at a crawl. But with Preferred I am always looking for capital gains and dividends. I am not really interested in holding a Preferred above $25.00... my yield is still at 22 but, selling above 25 is the same as the company calling the stock at 25.00, I do not want to risk strong capital gains for a monthly dividend that will take me a year to get back ...compared to selling it now. Thoughts are welcome.
This company did narrow its losses in 2013 a good margin, but how can it continue to bleed money like this?
Damn! these are some great answers ... thank you all. Wow I am impressed... thank you.
Why would the company buy back shares now, when they have so much outstanding debt in the Preferred?
You can cut the dividends on the stock but can not on the Preferred. Rising interest Rates will only help the common stock and the Preferred will not be affected because they are paying around 8%. It just make no sense to throw money at the common shares.
Now, this is a good question one I am happy to answer... When a Preferred reaches 25 on the open market the upside is in the payout not the value of the stock. This stock can be called for 25 anytime after 2017 so it makes it more like a bond than a stock. The best play is to treat it like a zero lot bond and buy below 25 and pocked the difference to call. But anyone who owns at 25 will receive about an 8% return anything you pay over 25 subtracts from your return but quite possibly still be more than the average savings account is paying. For instance if you buy this stock at 26 you will receive about 2.07 in dividends each year so you you would take 2.07-1= 1.07 gain each year on 25 which is less than the 2 but a lot more than bonds or cds are paying right now. If you are interested wait for a pull back and get in under 25.
You are right my friend and I did average down to about 5.50 and took a big hit. But, I made it all back by investing in the Preferred of ARR... I got in at 22.75 and now it is at 24.92 plus a solid 17 cent dividend per share each month. I made it back and now in the green. I see no reason to leave the Preferred mainly because its dividend is less likely to be cut and it is callable in a few years. I left ARR at 4.12 which put me at a loss of around 1.38 per share... but I made it back and I plan to ride these preferred keep making money.